Retirement Community (Independent Living)

Rental Costs: Price ranges vary by the type of community and size of apartment desired. Generally, most communities are private pay; some offer reduced rents based on income.

CCRC/Lifecare: Large, self-contained, campus style communities that offer Retirement, Assisted Living, and Nursing Services. Generally an initial entry fee and monthly payments guarantee the resident access to all specified health care services for the remainder of the resident's life. Most CCRC's establish minimum requirements for prospective residents, based on age, financial assets, and income level. In general, residents are expected to move into the community while they are still independent and able to take care of themselves.

CCRC/Lifecare Costs: Require an entry fee plus a monthly payment with the arrangement to care for the individual for the remainder of his/her life. Most communities offer several contract options. Depending on the contract the entrance fee may be non-refundable, refundable on a declining basis over time, partially refundable, or fully refundable. Some communities offer full equity of purchase instead of an entry fee.